All the headlines from our Hurricane Topic Page, ordered by recency.
Aug 14 2006 // Commissioner of Insurance Jim Donelon says nearly all of Louisiana’s homeowners insurance companies, including State Farm and Allstate, have complied with his order to extend the prescriptive period for policyholders...
Aug 9 2006 // The Bermuda-based PXRE Group Ltd. reported its results for the second quarter of 2006, and further indicated that, barring some last minute “strategic alternative,” it is heading towards runoff.PXRE was...
Aug 9 2006 // Hawaii Insurance Commissioner Jeffrey Schmidt is preparing to establish a program to provide grants for hurricane retrofits, otherwise known as wind resistive devices.The draft performance specifications for the wind...
Aug 7 2006 // A recent Wall Street Journal story proclaimed, “As Hurricane Season Begins, Disaster Insurance Runs Short.” Indeed, the stark headline in the July 10 article mirrors the market reality: There is a severe lack...
Aug 7 2006 // A recent Wall Street Journal story proclaimed, “As Hurricane Season Begins, Disaster Insurance Runs Short.” Indeed, the stark headline in the July 10 article mirrors the market reality: There is a severe lack...
Aug 7 2006 // 100 The number of federal lawmakers from both parties that asked the Federal Deposit Insurance Corp. to put a hold on the efforts of various U.S. companies, including Wal-Mart, to open banks.Federal bank regulators halted...
Aug 7 2006 // A recent Wall Street Journal story proclaimed, “As Hurricane Season Begins, Disaster Insurance Runs Short.” Indeed, the stark headline in the July 10 article mirrors the market reality: There is a severe lack...
Aug 7 2006 // The lessons learned from Katrina and Rita and predictions of a future with bigger and stronger storms highlight more than ever the importance of flood insurance, even in locations where it was previously thought...
Aug 7 2006 // Florida’s Department of Financial Services is working out the details of a program offering grants of up to $5,000 to homeowners who take steps to mitigate hurricane damages.Individual matching grants of up to $5,000...
Aug 7 2006 // Florida is moving to reactivate a state-run reinsurance pool for commercial lines insurance to help businesses obtain insurance.The Commercial Joint Underwriting Association (JUA) is intended to provide property insurance...
Aug 7 2006 // Some 70,000 Florida, 150,000 Texas, 5,200 Massachusetts and 11,000 New Jersey policyholders are among those affected by the liquidation of Vesta Fire Insurance Co. and its subsidiaries.Texas regulators placed the company...
Aug 7 2006 // A recent Wall Street Journal story proclaimed, “As Hurricane Season Begins, Disaster Insurance Runs Short.” Indeed, the stark headline in the July 10 article mirrors the market reality: There is a severe lack...
Aug 7 2006 // Recent experiences need to be translated into quality underwriting standards for the futureUnderwriting energy risks is not for the faint-hearted, even during the best of times. The nature of these risks (with high...
Aug 7 2006 // Reinsurance woes send primary carriers scramblingUntil recently the reinsurance world was a galaxy far, far away. That changed after the 2000 stock market crash, the Sept. 11 attacks and, more recently, the hurricanes that...
Aug 7 2006 // 100The number of federal lawmakers from both parties that asked the Federal Deposit Insurance Corp. to put a hold on the efforts of various U.S. companies, including Wal-Mart, to open banks. Federal bank regulators halted...
Aug 7 2006 // The marine market, although not immune to severe weather and other catastrophic occurrences, has not suffered to the extent of the mainline commercial property sector.A recent Wall Street Journal story proclaimed,...
Aug 7 2006 // The marine market, although not immune to severe weather and other catastrophic occurrences, has not suffered to the extent of the mainline commercial property sector. As such, industry players have sought to fill gaps in...
Aug 7 2006 // Until recently the reinsurance world was a galaxy far, far away. That changed after the 2000 stock market crash, the Sept. 11 attacks and, more recently, the hurricanes that struck Florida, New Orleans, Texas and other...
Aug 7 2006 // Underwriting energy risks is not for the faint-hearted, even during the best of times. The nature of these risks (with high concentration of values, highly flammable substances, harsh operating conditions, often in hostile...
Aug 4 2006 // A decision on the constitutionality of new state laws giving hurricane-affected homeowners in Louisiana an extra year to sue their insurance companies will not be expedited by a court, the state’s top insurance...